High rents push millennials towards home buying

Boston

AMERICANS in their 20s and early 30s are getting a nudge towards homeownership a decade after sales peaked during the housing bubble. It's not their nagging parents. It's rents. They've risen so much that buying is making more sense.

"I pay US$1,410 in rent for my one-bedroom apartment in downtown Denver," said Eric Arther, 28, who has saved about US$30,000 for a down payment. "If I pay that much, I'd like to build some equity."

Expect the open-house crowds to skew a little younger during this year's …